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Allbirds Inc

For the period ended Dec 31, 2024. Filed Mar 12, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 12, 2025

BIRD$1.31+0.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

For the fiscal year ended December 31, 2024

OR

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission file number 001-40963

Allbirds, Inc.

(Exact name of registrant as specified in its charter)

Delaware47-3999983
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)

30 Hotaling Place

San Francisco, CA 94111

(628)225-4848

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, $0.0001 par value per shareBIRDThe Nasdaq Global Select Market

Securities registered pursuant to section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yeso No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yeso No x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated fileroAccelerated filerx
Non-accelerated fileroSmaller reporting companyx
Emerging growth companyx

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. o

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yeso Nox

The aggregate market value of voting stock held by non-affiliates of the Registrant on June 30, 2024 (the last business day of the Registrant’s fiscal second quarter), based on the closing price of $10.00 for shares of the Registrant’s Class A common stock as reported by the Nasdaq Global Select Market, was approximately $57.2 million.

As of February 28, 2025, the number of shares of the registrant’s Class A common stock outstanding was 5,460,101 and the number of shares of the registrant’s Class B common stock outstanding was 2,542,355.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant's definitive proxy statement relating to the 2025 annual meeting of stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such definitive proxy statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the registrant's fiscal year ended December 31, 2024.

TABLE OF CONTENTS

Page
Special Note Regarding Forward-Looking Statements3
Part I
Item 1. Business4
Item 1A. Risk Factors11
Item 1B. Unresolved Staff Comments50
Item 1C. Cybersecurity50
Item 2. Properties51
Item 3. Legal Proceedings51
Item 4. Mine Safety Disclosures52
Part II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities53
Item 6. [Reserved]53
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations53
Item 7A. Quantitative and Qualitative Disclosures About Market Risk66
Item 8. Financial Statements and Supplementary Data67
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosures96
Item 9A. Controls and Procedures96
Item 9B. Other Information96
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections96
Part III
Item 10. Directors, Executive Officers and Corporate Governance98
Item 11. Executive Compensation98
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters98
Item 13. Certain Relationships and Related Transactions, and Director Independence98
Item 14. Principal Accounting Fees and Services98
Part IV
Item 15. Exhibits, Financial Statement Schedules99
Signatures
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.